The New York Herald Newspaper, July 28, 1870, Page 4

“EUROPE. What the Peoples Say of the War Conflict. The bvcret Treaty---lts Origin and Intent. British Outline of Napoleon’s Plan of Campaign. Disraon and Gladstone on the Crisis. ‘The Canara mau stcam*hip Cabs, from Liverpool the 16th and Queenstown the 17th of July, arrived et this port yesterday. Tne Cuba dolivered our European files, dated to her day of salliog from Englond, soon after eight o'clock P. M. The Jour- nals, one day later, embrace details of our general roport by cable from Europe. ‘The Oriente, ot Naples, gives the following re- port:— We are assured that the naval anthorities hero Dave received orders to fit out in all haste the trans- ia La Citia di Genova and Vittor Pisant, Those tro vessels, it seems, to which will be added the Caracciclo, whose departure for America will be de- layed, are to join as soon as possible the squadron under Adiniral Isola. Aletter from Berne, in the Paris Constitutionnel, has the followitpg:— The National Counct!, as well as that of tho States, has sat at ihe Federal Palace since the 4th inst, but has done very litle. fo the stormy question of the revision of the federal constitution, It will pro- Dably Dot be entered upon this session, particularly if the fears of war be realized. At ail events it 1s important not to hurry over this work, which js of deep gravity. The King of the Belgians was to have left Brassela on Thursday for the Camp of Beverioo, bat his de- parture was countermande:l. ‘The Jrish Times announces that before the close of the presont session Mr, Maguire will give notice of a Motion to itic House of Commons early next year, stive aud expediency of allowing ‘The Londoa Giove of July 16, evesiog, reports as follows: — Boies Livingstone was re- Oo. the 22d of May by the Captoia Anderson, from Zanzi- apfan Anderson said he had a con- versacoa W. Dr. KiK, @od the Doctor told him that he had veocived @ levter srom Livingstone only a day or two previous aud that Livingstone was not only alive but well. ‘The London Globe of the 10th of July, the latest paper, s1y3:— Some idea of the depreciation in the value of se- curitics may be formed from the fact that m the English cousols ani the foreigu stocks the value de- clined between July 4 and 12 to the extent of £76,295,009, and in British railways to the amount of £10,000,009 sterling, About £15,000,000 may added ior German, Dutch, Austrian and Beigian siocks, aud tt must be remeinbered that all securi- rie have still further deciimed since the declarauon of war. PRELIMINARY WAR NEWS. bar, Maret We continue to-day our history of the secret treary negotiations of 1867, as they were conduoied fn reference to Holland, Luxemburg and Belgium in that year. THE FEZLING if F&AXcE, {From Galignant’s Messenger, April 8, 1367.) The present siiaation of Germany is remarked on by the Opn.on Nationale ta aa article possessing ® certain Interesi, ‘ihere exist In Germany, tue writer declares, two great political parties. First, that of unity, as understood by the Court of Berl'n, aud which may be calied unity by meaus of absorp- ton, anil secondly, the purely federal one, based on the matutenance and pect of particular autonor Bot in ese two there 1s to tound tird, which excludes neither of those went 1, d which tends to dominate both, namely, tus Pangermanists, whose primary Gufect ti is io gather together in’ Germany all the European poputaiions connected etther nearly or re- motely with (he Geriaan stock, whether by race, language, or diawet. This iast party already reigna almost supreme iu the Paritameut of Noriuern Ger- many. It took ita origin among the ardent youtn of the universities; 1t is actuated by reminiscences of the past \d desires that Germany should embrace ail the couvutries in which she left, under whatever form of d.slect, the traces of her domination in the middie ages. This dangerous scheme, the arti¢ic ce- clares, his never ceased being on the order of the dey on the other side of the Rhine since 181), and more especially since 1330 and 1348, (From the Opinion Nationale, of Parts, April 8, $6 * * * We have here es dangerous a dream as ever existed, and we cannot too strongiy recom- mend tle Zrussiau government to combat ip with an unflagging energy. We shali not assuredly accuse the Ber.in Cavinet of @ wish to hoistthe sanguinary | Hag of the Paugermanisi#, but we gre bound to note the fact that Prussia at least adopted a strip of it on me day wien she conceived the project of remain- master of the fortress of Luxembarg. Can e first to Invoke are whose of 1814 and years, which made Luxemourg a federal forires3, but the enactinents relative to that stronghold have been rende; null and void by the fo 1@ Gissoluvion of the Germanic Coniedezation 20,1619. Ju them it was stipulated that the King of Holland avandoned to the King of Prussia the right [ ig the Governor commandant of the fortress d garvisoa of Luxemburg. But that | Itself virtually abolisued on the jermanic Confederation ceased to viiege for Germany vn. Let us adi that 'y made those arrange- If, soverelgn of a bitants, and hot with auy, holding in his 0 of souls. Prussia n of April 19, 1839, signe’ But chat c bo of Al Austria and Russia. u France, England, ntract had no other O-ject th that of stipulating [ur the dismember- meni of tue Provinces of Luxemburg, and for guar- sirtaring lo the King of Hollaud the portion allotted to lua." But Ubat piedge coves ty be incumbent on the coutracdng Powers from the moment tiat the 3 the Grand King of Holigad spoatencously renoune Pochy. Tne Logiish government has not heskated to mase « formal declaration to that elect. On tits & 1, therefore, the Prussiau Cabinet is out of the + eee. dlomatic as well a3 of nataral right, the avier being fouaded on the very will of the Luxem- burg poopie, Who might possibly become Belgian or French, but who would at no price desire to see tomssives annexed to Germany. We regret tnat ta's delicate question has been rawed by the Freach goverpmeat, but we must not cease to proclzim at the same time that justice ts entirely on our aide when we demand that the fortress of Lvxemourg should be evacuated by the Prussians, Prussia, !u poiat of fact, has no serious ttle to edvance in respest to the Grand Duchy; we have saperabundantiy proved that assertion. Diplomatic Tight is vgainst her; the popuiar voice is not less opyosed, lmasmych as the Luxemburgers, feesng much sympathy with France and Belgium, expe- rienee unly a repulsioa for Prussian domination. It is thevefore just—it is necessary tbat the Prassian troops should evacuaie the place, France acts lu of November 8, 1316, confirmed by | the code of instructions sigred at I'rankfort on July | NEW YORK HERALD, THURSDAY, JULY 28, 1870.—TRIPLE SHEER, ve complications 6 government more. watlafac ties of @ condict are aside. We confine ourselves mie might % Laperor And vould how ask for Ruythin moment ae at paoltc auccase France Bi luce such fH 23) Fi ‘The Oonstitutionnet raisos a cry of triymph aud Congratulation tius:— The government hi its word. The candidature of Gorman prince fo the tbrone ot” Spain is: pul aside aud the Of Europe will not be or’ enjoy ine neaor’ of fovarning.& scent cea. They havo been listened domanda have be lied. Wearesstittied, Prince Leopold de Hobeazollsra. bad sc- pled nish crown, France that she would Stone pallet combination ora faraily arrangement witch she doomed menacing for her interests, and tite can: “dldature was with Léopald. will reign in the Peninsul and A ar or a drop of The same journal replies to@ violent outbreak of the Soir, which bitt erly reproaoned M. Oltivier for having mentioned fa dl ile des Par Perdus ofthe = body the secret of diplomatic communi- cations and for declaring that France was satisfod, and says:— ‘That tl opie write tay le, a {Hon to the Chamber, and terminates ite accusation by learing the fact to be appreciaied by public opinion. | The latter wl gatiy, be ediged i, brlonded esre-atrlged by M- ail the world wi mid baow's few hours after, Jus: im whether there was ‘not make any declara- Whnt tho French Said. A mail telegram, of July 11, from Paria to London Teports:— “War or peace” 1s now a question of twenty-four hours, King William consents to withdraw froin Prince Leopold of Honenzoliera his sanction a8 the head of the family, but not as King of Prussia, M. Olitvier is opposed to the acceptance of this conces+ sion, const posing: it to be insuffictent, It is rumored that the Engitsh Court has successfully exerted its imfuence to obtain a personal withdrawal of Prince Leopold's candidature. On the whole the aspect of an irs is slightly ameliorated, but there ts sttil great ger. The present (July 11) state of affatra may bo briefly stated as follows: ‘The King of Prussia declared to M, 'Benedettl on Saturday last that he had authorized Prince Leopold of Hohenzoliera to accept the crown of Spain, but his Majesty would confer to-day with some influential personages, alter which he would fe a deilnitive reply. This reply will arrive this evening or (o- morrow morning. Roentie 7ee authorizes @ belief that the King of Prussia wili not revoke the authori. zation whica le has given to Prince Leopold, but if a iavorabie reply shouid not have been reccived the Freuch government will make important communi- cations to the Ohambers to-:norrow aiternoon, In to-day’s sitting of the leg.slative body the Duo deGramont, in answer to aa honorable member, said that the government understooil the impatience of the Chamber aud of the country, and shared thelr anxiety; but it was impossible at present to commu- nicate to the House any final decision. The govern meat Was expecting an answer which would guide it in tts Tppoigtlons, “Up to the preseut,” added the Minister for Forelgn Affairs, “all the Eufopéan Cabi- nets appear to admit the legitimacy of oar com- paints, The government eee! shortly to satisfy the public impatience; but F appeal to-day to the patriotism and poliucal good sense o1 the Caamber, and request its members to be content with this in- compieve information.” M. E. fo asked the Duc de Gramont whether the questions addressed by the French Cabinet to the Cabinet at Berlin only referred to the special in- cident of the offer of the Speniay crown by General Prim to Prince Leopold of Hohenzollern-Sigmarin- gen. M. Arago adued that if the questions were complex the party to which he belonged would be bound to consider them as a pretext for declaring war. ‘The Minister for As Affairs declined to an- swer and the matter then dropped. The Siccle of this pe Maintains that if war breaks out it is because it Is desired from other mo- tives than the candidacy of Prince Leopold of Ho- henzollern. “if tho Ii oie government really docs not wish for war,” adds the Sidcle, ‘It will dimculi to avoid @ rupture with Prussia.’ The Revetd declares the pretext for war put for- wari by France a» obscure a8 its end 1s doubtful, and demands that, in or case, the question of war or peace si:ail be submitted toa plebiscitum. The remainder of the Peris press are generally warlike, and tusist_upon Prussia being allowed the shortest possible time for consideratioa, and that tie action of France suall be prompt. ‘The Francais trusts tat the demands of France will be contined to the question of the candidacy of the Hohenzollera prince, otierwise the French gov- erpment will be .csponsible to France and to the public opinion of Europe for gratuitously provoking the war. The Dedats appeals to all the Deputies capable of cool judgment, to all who believe reason superior to seg not to be silent at the pr Nt Crisis, not to lear a reproach of want of patriotism, but’ to en- lighten the country on the motives and tue probabie coasequonces Ol @ War with Germaby—a war w.th- outadvantage or issue, The cipher despatch from M. Benedettl statmg the result of his trst interview with King William has been rendered’ unintelligible in some passages by @ thunderstorm, and great difiiculty is ex- perienced in deciphering it. The ministerial journal, Le Peuple Francats, states that the King of Prussia admits having sanctioned the candidacy of Prince Leopold of Lohenzollern, but that, considering the emotion caused by that candidacy, and the aanger for ute peace of Europe, the King is disposed not exactly to withdraw his sanction, but to employ his influence to obtain a re- nuuciation from the Price, It 13 denied that the French government has intro- duced into the negotiations the question of the ob- servance of the treaty of Prague, or demuuded a guarantee from Prussia for the future, GERMAN OP:NiOT. [Prankfort-on-the-Main (July 11) corresp Indepeniance Belge.) King William has not the Napoleonic or Bourbon amowion of placiag the princes of his house on Urones in every direction; his sphere of action being solely in Prussia and Germany, fathfulin that re- spect to theidea of the Great Frederick, who would uot have the crown of Poland for his brother, Prince Henry. The House of Hohenzollera, since it has settled in Brandeburg, has coutinod Itself to its Ger- man missioa, and that course has constituted tts lence of strength. What has caused the ruia of the Haps)urgs 18 the extra-Germanie cosmopolitan character which they have assumed, and which has wasted their forces, It would be diiticuit'to make out that King Wilham and his Chancellor Knew nothing of Piince ae Hohenzollern’s candida- ture; why suould they not, when all the world was ormed of ity We admit, therefore, that they ere nof ignorant ol the ambitious ideas of the young prince and his wife, the Infante of Portugal, Doana Auntomla. “Why did they not,” it will be said, “enjoin the young cou le to give up tie scneme ?) We will reply been more dificult, more susceptible, more exacting than the Court of France, where this candidature was hut rejected, where it was considered as admis- sivie, where 1 had ofteu been presented, not as regularly decided on—for one must never exag- geraie—but as a possible solution, as a reply to this objection of the Spantards:—You wish, there- at tor ny price to put up Prince Alfonzo, to the exe of every other reasonable candidate? Jt must even have been known in Pars that, if a year ago Prince Leopoid was not ofticially declared to be a@candidate, it was because the Regency was en- gaged, wita the Knowledge of the Emperor of the Frenca, in the negotiatioa with the Duke of Genoa; that having falied, Priuce Leopold's was brought forward. With 4 little reflection tae Emperor Napo- Jeon might have expected it, as the inevitavie march of events, Are they expected to be more ciear sighted ai Berlin than be is; to bar the ruad for Prince Leopold; to comprehend him in tho exclu- sion pronounced agamst Montpensier? But yet again, it is to charge the King of Prussia and M. de Bismarck with a7dle which does not appertain to them. ‘The Emperor of the French has pretended to say that under all circumstances he left the Spaniards frée, and did not concern himseif with their business; he nas convinced no one; the whole world knows that his chief attention has been given to them since the expuision of Isabella. Nogoverninent in Europe has interfered with him; his sole known repugnaice has been respected; but the others were n0t divined. One may have wondered al the naive confidence of the Spanish, way appeared to believe that France would not this time intervene, but nothing was doue Uie plenisade of her right In Peet forward that dewan', and the Cabinets wif be unapie to retuse to adialt the same, if they oniy take counsel of jas- Ue, Of cae consideratiun due to us umd of the true Dievests of cope, We are even willing still to hope tiat (be Prussian government will show itself egal ty the task, end will cousign to the limbo af all the’ Greams of the Pangermanusts, to 28 paid too much attention on this occa- supexation of the Grand Duchy ir it constitutes a daager, it itis ofa havore prevent 9 pactile solution of the Luxem- burg ‘cm, coujd not a middle term be found fo the transfer of Viut provi 0 Belgiuin,.as the King of Hollaad thinks i | Tous tO rowain ta Possession ? AB w the to France, Agitating for War—Parts Opinion. [from Galignani’s Messenger, July 14.} ‘The war journals of Parts seem rather awkward ‘this morning in their aiutnde, seeing the ground out from under their feet, a3 it were, by the paciic turn which the Hohenzollern dimicuity has taken, They cannot conceal their annoyance, and stul tr, to deduce hostile conclusions from the facts which have transpired, ‘Tie impartial portion of the press Js more at ease, and manifests great satisfaction at ‘the great probability of 2 nacitic solution. “ne Débats expresses itself 1n these terms:— ‘The fact seems certain that the reply from the King of Prussia is of a nature to cain all the susceptibilities of the French goverament and to give satisfaction to the der of the Cabinot, The Duke de Gramont, in the Which he made in the Legislative Body on Wednesday, Auced the lidiculty to its real proporituas by ailirming t the Ministry purely and suaply opposed any combination that would eotall tie candidature of Prince de Hobenzollern fo the throne of Spain. ‘Those xre the bases on which the ne- 8 with the Pry Brauce Press a government have beeo pur- Bittcow replied fn bortecty presioe tora King William, now rej im perfect recl ms, a see ees ieblel ta inci’ hed wtherced Priage Leopold the crown of Spait, withdraws that permission jn ‘order to put an end to the apprebenstons of France. On the Otanr bah. tho Prince formuiv declazes taut ue reapuapaa 5 to open their eyes. {Coblentz (July 10) correspondence of Independance eige. Ihave been here for two days, but I can see no signsof any lutention of Prussia to commence the preparations for a campaign. There is not the least stir in the gigantic fortress of Lhrenbreitstein, which commands the course of the Rhine; tho ceo circulate through the town with their abitual regularity; but no movements of artillery, no mounted messengers ares to be seen, and a complete calm reigns under ao stifling heat. And yet there is a certain feciing of uneasiness among the fahabitants. All precautions are they taken, they say, for asituatioa so medacing russia ould be commil jag an imprudence in not arming. Let them not : alarmed; Count Bismarck has adopted ail neces- gary measures, and Will unmask his battery when the moment shail ariuve. He is not, however, able to concoal everything, and at every station from Saarbruck the — slings a filled with goods In euch train jay aiso be perceived a iarge agons with tais significant inscription, —Koriy mea, six horses, As for the Hessians, who becaine Prasstans by force in 1390, they are racked with opposite ieelings. With all their heart they desire tho defeat of the Prussian army, bat at the same time they fear the outbreak of a war which would s00n devastate their country. Thoy have little sympathy with the French, the fact must be admitted; but how they detest the oyer- bearing attitude of tie Prussians | Tue Kreutz Zeitung, of Berl, had an article in April, 1867, tu which, afcer having reproduced tn ex- tenso from the oflcial journal a reply of Count Bis- marck to the Interpellation of M. de Bonnigsen, it added the following words:— It is quite suvicient that tho Minister has declared that tne confederato governmouts are versueted that no torelgu Power Widiat to Assad tie lucoa. testable rights of the German populations and gov- ecraments, and tial the negotiations relative to Luxemburg could not in any case be concluded without the pectin to the treaty of 1839, No one could demand more, for the affair is not so sim ple a3 to be resolved by the words—Luxemburg longs to tie ‘nut State appertains incon. testably to the of Holland, and no one can force him to enter the Confederation of Northern Germany, Besides, after the experience of late (eam Who would desire that course? It is better, herelore, to exumine the matter carefally than to swell its importance by high sounding phrases which will not afford any aid. The Geciniea teed arty 18 mae to turn hid question against Bismarck, a8 If bo was responsible forit, But that 18 simply & Maneuyre, for these very sume people Would exclaim the Minister as the distarber of the public peace if he allowed himself to be hu ried on too rapidly, All truo frieuds of the country ouput, therefore, to examine the question with imness, Nobody wishes to interlere with the rane of Germany, but for her to ignore those of others would be bad policy. (From the Independance Belge (Brussels), April, 1867. ‘The adair of azermbone. appears Ww have ent @ new phase, The para de Moustier is said to have received from the Dutch Minister of Foreign Affairs @ despaton breaking of the negotiations. it 1s added that the French government has replied to to that of Holland by o: on the latter to demand the evacuation of the fortress of Luxembu! iby ma or in- Prussians, who have né loner any dipl ternational right to occupy it, ‘as the Garcasaks Con- federation no longer exists, It is this real or at least ‘obable fact which hag been converted at the urse into an ultimatum from the imperial gov- ernment, summoning Prussia to quit the fortress within twenty-four hours uader menace of war. On the other |—for the rumors are in coniradic- tion—the declaration of the Dutch Minister and the refusal of the Kiny of Holland to continue tho ReaD tations are said to have been concerted with the French government to give the latter the means of Ply yir g i from the difficulty, What is post- tive is that the chances of aconflict are at present less certain, or, at least, the danger appears to be receding, ‘The matter, itis sald, might be arranged as fol- lows:—Prassia would consent to evacuate the fort- Tess On Condition that the French should engage not to occupy the territory of Luxemburg and to abandon thelr idea of purchas! it, There are, however, Tears, even in this latter cago, that German amour propre would not consent to, the evacuation, On each side, however, the governments wil! think twice before making war; for on the one hand Prus- sla might compromise the magnificent and hpnoped for aggrandizeucnt, moral and material, sho obtamed, and on tie other France knows that she cannot count on Austria, who is drawing hearer to Prussia, and wiil in no case confide in France. Thus from tue moment in Which the afuir has entered ou a diplomatic phase there are hopes that it may be concentrated therg. RUSSIA OPI ION. From the Journal de St. Petersburg, April 1867.) ‘The smpreasion_produced in Europe by the com- munications of Count Bismarck will soon become kuowa, Appreheasions wiil certatuly arise in many minds, It will be difilcult to undersiand how tie French government, Kuowlug the susceptibility of Germany and the situation of the Grand Duchy be- fore Europs, couid have pursued negotiations with Holland to tho point of arriving at an understand. i without having the intention of not pausing efore any obstacles; to it, no dowbi, will bo atir, buted some warlike reservation. Wo, however, cow sider that pessimist ideas should be studiously avoided in order to wait until the progress loliowed by the negoUauons between Paris and the Hague shail be known. Indeed, it would be better for the mate- rial and moral tranquillity of nations that the ques- tion of Luxemburg had never beon raised; but if most perfect composure is not maintained every- where t would ba anticipating fustyled alarms to believe that the festival of peace organized in Paris in consequence of an appeal addressed by France to the industry and aris of the whole uulverse is to | mark the date of a warJor which the unexpected pretensions of (hat same pacific France should give the signal, ENGL OPIN: [From tho London Globe, April 6, 1887.] Lora Stanley last night gave a very clear and sat- isfactory account of the negotiations connected with the proposed cession of Luxemburg to France. It Sppearstiat France commenced tho negotiations on the subject and the Ge of Holiand consented to cone ae nh, upon tle fulilment of three condi- ons -— First—That he should recelve compensation for the terrl- eoete Phat the wishes of th le of Luxemb nd—That the wishes of the siiould be consulted la tue matter, Phe ° ie Taird—That the consent of the Great Powers should be obtained, and especially the consent of Prussia, if these conditions had been known from the oute set there would have been no. dificulty in forecast- ing the issue of the negottations. Prussia will not cons seat; and though, witi good sense and tact, she has hitherto kept i the background, she would rather lave openly said “No” to France than have con- sented to the cession, As it is, the question appears to have been settled for the time by the withdrawal of the King of Holland from the negotiations. It 1s reporied that the Freach goverumeant 1s disposed to hold the King to his bargain; but there can be no aate motive for such a procedure, unless France to fin a cause of quarrel with Prussia, and Sor his sire (3 not yet ready, [From the London Standard, (Tory organ) July 12.) pe Tae French government seeins to have convinced itself that, although Couut Bismarck may, with his usual cleverness, have avoided any oficial committal to the Hohenzolicrn canditature, he is really one of its authors; and there certainly are some serious grounds, in the recent statements of General Prim, aud in the fact thar a Prussian oficial holdiig @ most important and confidential position recently visited Spata for sucha veliel It 1s diMcult, tudeed, to understand how the French government could have at once assumed so decisive Qn attitude if it ha: not believed that the Prussian goverament was at the bottom of the Hohenzollern candidature; and it is easy to understand that it would, f once convinced upon that point, and once dctermined to act decisively, ask a great deal more irom Prussia than the mere repudiation and sup- ression of the Honenzoilera candidature. ‘he reply of the Duke de Grammont to M. Arago upon this point is calculated to generate the worst fears, If the only demand made of the Prussian government were the with- drawal of the Hohenzollern caudkiature the Prussian governmeat—uuless anxious too on its part for war, or so deeply cominitred that it could not m honor give up that candidature—might easily and without any reai sacrifice comply with it, But ti the Imperial government has come to the Conclusion that the time has arrived yor settting ail told scores with Prussia, i It 13 convinced that this candidature of the Prince of Hohenzollern is but a part ol the general policy offCount Bismarck, and that this policy must be at oice and a Voutran d—if, acting under that impression, it hasasked of Prassia con- cessions in the other matiers of dispute between thea it is hardly possible that war can bi . And that such demands have been made—tiat an altumatum, not in form or name, but in reality, asking’ of Prussia the settlement im such @ fashion as the French government tinks fatr or necessary has been pre: sented, there is every reason to believe, from the re- fusal of the Duke de Grammont to answer M. maa on that point, whil i ho North German Contederation gives oficial expres- sion to the language of the German press, and seems to intimate that Prussia will repudiate all part in the question, witiiout takiug any step to put an end to the candidature of the Prince of Honenzol- lern, and will tuus do the best it cau, probably with- out inten ling it, to’ precipitate the war. We hope, rather than expect, that before these lines come unier the eyes of our readers a fiank repudiation of the candidature of the Priuce of Hohenzollern by the King of Prussia, a witlidrawal of lis acceptance by the Prince. and an oxpregsion of satisfaction on the part of the French government, wiil have re- duced to nothing the importance of these tndica- {lous which at presont appear of such evil omen. {From the London Telegraph, July 11.) * War may acton some modern maladies As (he letting of blood acta on some phasos of fever; but under that flerce test “all the streams of onward ood” ow backward, cerned to be soiled with lood.”? The fact tells powerfully on Europe at this moment. Almost every Cabinet which handles the Hispano-Prassian dificulty does so with a light touch, because the matter ia laden with the most momentous tssues. The strife that may arise would Not, ke the Danish war of 1364, or the Itailan war or 9, bs @ tiimg done im a corner. Once aro’ the fee stam § demon, and, tw his trata, ordods of questions will force themselves on the no- tice of Huropean statesmen. Tue vacant crown of Spain, the hollow and self-destroying temporal Ciaims ot the Pope, the retrocession of North Sleswig, the right of the Turk to “occupy” avy longer tn Europe—ail these questions and many others will ress forward for settlement if the trampel be once lown for conflict, Unlike Walter Scoit’s adventurous ati who rastly drew the sword before he blew the horn, every statesman in Europe knows that the mere withdrawal of the sword trom the scabbard in which it has ar Slept wiil arouse echoes that no efforts for conciliation can ever appease. ‘The conftict would ve on a soale too terrible for contem- piation; and in that fact alone we might find ground for believing that the Powers luterested would not enter hastily on any conclusive course. But there 13 another element in the problem—tne position and the eiforts of England, As to our position, it can be mistaken by noboay. We have no direct tuterest in the candidature of Prince Leopold: we have no sel- fish reason for wishing, elther that the prince should withdraw, or that the remounstrances of the Em- peror Napoleon should prevail, ‘Girdled by the inviolate sdas,"’ England has a right to feel, not sel- fish, but secure: no harm can accrue to her from the pressing of Prince Leopoll’s candidature. That very 1so'atiou, however, In which her safety les, patu- raliy fuclines her to a calm aud conciliatory view of passing events. {From the London News, July 11.) * * * One of the nnperialist generals of the war party accuses the King of the Belgians of having nogotiated, during his recent visit to Mngiand, the candidatare of Prince Leopold Hohenzollern-Sigma- ringen, The Belgian press takes the troubie to de- clare this moustrous absurdity au “abominable cal- umny,” and it is necdiess tor us to add that it is an absurd invention, But it one of those inventions in which “the wish 1s father to the thought.” It indicates that the Sigmaringen business and Marshal Prim’s tadiscre- tion and intrigues have only given a pretext for once more urging the old programme of the war party in France. Of course Frauce oalv coea to War “for an idea," and if the idea takes the shape of conquest so much the worse for the prosaic people who oppose the realization, But the Wi] Sprtine of those who twenty years ago insisted that er) 1s peace” meant peace in the Napoleonic sense of the word, or, in other words, French supremacy and Becgeis subjugation, word be splendidly verified, and history would repeat iweif within @ single century. Firat Alarms on ’Change—The Money Panic. {From the London Telegraph (city article), July 12, The excitement which was it Hessed on the Broce Exchange towards the close of last week was re- newed at tne commencement of business yesterday (Monday) m: » though with greater violenco, and in @ short time a panic set in suchas we have ‘witnessed since the crists in 1864. Rumors of an alarmist character, e of them wildly improbable, were circulated, and, led with what was known of the atate of matters on the Continental Bourses, they obtained an unusual sbare of credence. About noon telegrams were received aunounc- ig ® heavy fall the Paris arse, at wnkfort, Berlin and Vienna, with neral gloom and apprehensions of the worst issue it dispate. These were followed by stat active war prepare: ia 108, Well ag itimatum having been de- ied to the Kiug of Prussia, aud the exoltement en reached its height, A pressure of sales took bey Pee oe long bry 80 indisceny aay 10es of many securl. ardiy be "quoted. Stocks and shares wore flung in a mi ere were few, if any, jarket Ags, were, in’ special favor, “bocamen” que ul unmalable, As the panig led to. tus imost irrational extremes. Consols, the value of which 4s at least as likely to im as to be in the event of @ war from which id would hold aloof, but the outbreak @f which would sond both Bugiish and capi'al to our sfunds for temporary investment, were at one time forced down more than one per cent. Home railway stocks, even the soundest and those mos firmly held b; woalthy proprictaries, were driven to a nomin average depreciation of about three per cent. As for foreign stocks, it would hardly be an exaggera- ‘ton to say that at one time business was suspended, and dealings to any extent were impracticable, The Turkish and Spanish tssucs suifered most severely. Turkish fives made a sudden es. downwards of five per cent, Spanish threes fell about three and a haif and the quicksiver loan no less than seven per cent. From this depression there was a sudden rebound in the afternoon on rumors thas Prince Leopold had wWithdrawo from his candidatare, and that the Duc de Grammont had resigned; but still later came a fresh access of panic, and, though prices did not fall to the lowes: polut they had previously touched, the markets closed with a vety gloomy and unsettled feeligu. Tho unaccountable delay that has taken place in Obtainiug an authoritative expression of view froiu eltber the King of rrussia or the Prince o! Hohenzoliern fecelved the worst interpretation, and it was to the absence of any authentic news on ihis pot that the disqnietude at the last moment Was most generally ascribed. Consdls, after having declined as much at 144, rathed, and closed only 6-16 lower compared with Saturday; for money they left off at 02 a 0254; aud for August at 92)¢ a 9234. Tho Second Panic on the London ’Change. ‘London (Jy 13) correspondence of Irish Vimes.) in sYMpathy Wil the good Paris quotauons, the price of Keates on the Boulevards last night at half- past ten betng called 70f, 16c., and the absence of apy discouraging telegram respecting the Spanish crown, the markets opencd this morning with a moderate amount of stes ; but this was only the case for @ moment, tue various departments having again assumed a heavy appearance, conse quent on large orders to ecil rom Germany, coupled with Vague rumors that the Prussian Ambassador 13 to leave Paris, and that the Freach Ambassador 1s to be recalled from Berlla. These unfavorable statements, togethor with the rumored resignauon of the French Mintstets, with it sales concluded, caused a sharp decline of one to two per cent in the various foreign securities, Turkish, Italian, Egyptian and Spanish again influenced to the greatést ex- tent; at the saine time the closing of one or two speculative accounts on the part of weak atone for the rise creates dulness. One broker has inti. mated his inability to jmeet his engagements, and others to # groat amount are stated to be tn difical- ties, Towards half-past one o'clock the excitement at the stock and share markets became intense, the panic being worse than ever, owing to a telegram from Berlia stating that the French Ambassador had been compelled to leave, According to another account the French troops were recalled from Rome. Foreign securities were nearly unsalable at a de- cline of from 3to4 percent. Italian, 49, Turkish of 1865, 42, Consol3s were sellers freely at 92. At three o’clock there was a slight change for the better, the telegram from Ems respecting the French difficulty not pong construed so unfavorably as was at first mentioned. Prices from Paris, however, very flat. Consvis, after falling to 91%, improved to 92a 92% for the account. Italian recovered 2%. Spanish of 1887, after being offered at 24, recovered 2363 and Turkish of 1865, 2. Ratlway shares, though not at the worst like otier securities, exhibited weak- ness. United States five-twenty bonds are not better than 8734 to 88, Although tn later hours no fresh panio occurred, the markets for public securitics ciosed with a flat aud undecided tendency, faics of foreign stocks being conciuded to the last, owing to the telegrams from the Paria Bourse describing the state of things there as very violent and agitated, With declining prices. At the same time the closing of defauiters’ accounts had an unfavorable influence, two additional brokers and the same number of job - bers having intimated their inability to meet their eugage.wents during the day. Isalfan closed at a fall Of 83%, the lowest price of the day, however, being 4 Turkish of 1365 exhiblied a ‘decline of 2%, but the lowest poiut reached was 42. Spaaish of 1867 were only at a fall of 134, after being as low a8 2544, and the three per cents of 1869, after de- cHning to 2534, recovered 134, the last price exiibit- log @ reduction of 134. The Irish in Ireland on the War. (From the Dublin Irishman (radicat) July 9.) The sword of France flashes in the light. Before the vintage is trod there may be a redder wine flow- jug upon the ground from the veins of men. Now, atlast, we have more than a vague feeling of rest- lessness and uneasiness that war is likely. Now all that fever has come to a crisis, and a formal stand 1s taken which cannot be abandoued. I{t all arises avout the crown of Spain. The chief managers of that kingdom will not be content to leave ailairs-as they are, and let Spain on an actual republic. Like the Israelites, they clamor for a king, and send round the crown for candidates to try iton. Now one ts objected to, now another objects; now one refuses, Low another is refused. finally, atter a number of silly doings, the otter of the crown is made to a slip of royalty, who accepts. Ail, then, 13 @nished—all now is peace? Quite the contrary, This is the beginning of the great danger and the advent of imminent war. ‘Thus {0 1s, France lies between Spain and Prussia; France and Spain are not over warm friends, but | France and Prussia are hot and. jealous adver- sarics. What do the crown brokers iu Spain ao but offer this gewgaw to a Prussian prince, and the Prussian prince accepts it, If he shall wear it, then France lies between two enemies—realy to co-operate and invade it from op- posite frontiers. The sun oa rising may send the shadows of Prussian soldiers in the direction of Paris, aud ine sun in setting may cast the shadows of a Spanish army, led by a Prasslan_ king, in the direction of the Freach metropo'ts. France ts re- solved that this thiag shall not happen, If wat may come then had better have it now against foes on ove frontier than then, when hemmed in oa bot sides. No prudeni, no wise, bo courageous stat man could wait tul his count:y was placed at a dis- advantage. The offer of the Spanish crown to a Prussian Priacc—the representative of a country hostile to Fiauce—is an aifront of itself to France, But though that might have been 1 passed over, the danger must be faced and crusiied. It was knowa that the Prussian Prince would be offensive to France, and therefore the negotiations were kept a strict secret, When all had been conciuded, and the time came for the Prussian to be elected in Spain, the conspiracy was avowed to the astoundment of the French, and to their wrath. The election in Spain for a king is fixed for the 1st of August. The Prince will arrive soon after. Already the prepara- tions for his royalty have been made; the managers of Spain know they can appoint him. His hire is to be twenty millions of doliars @ year. Tho Cortes are to assemble on the 22d, and the official papers count on a great majority. England approves of the Prussian Prince. rance will believe that her cor- dial ally was false enough to aid and abet his nomination. Tne Correspondence Gu Nord pub- lishes a telegram fvom Berlin announcing that Prince Leopold of Hohenzollern “accepts the throne of Spain, and that the nomination is regarded favor- ably by England.” Now there can be no receding. Everything is teen pated fe fixed. Let us now observe how this conduct is estintated in France, whether France resents it, and how. [From the Dubiln Evening Mat! (High Church and tory), July 9.J It would seom as though We were about to have a new war of succession, of which, once again, Spain is to be the fleld and the spoil, A nod from Count Bismarck, we are told, May restore or disturb the equilfbrium of Europe, ‘The tdeas of France—her Ip. terest and her bonor—forbid, 1 appears, that a prince of the House of Honenzollern shall be set upon the throne of Charles V., and there will be another Sadowa, untess German wisdom revall and oblige the Spanish Marshals to jook for another king. ‘There is something so supremely ridicutous in the notion of a dynastic war at this time of day that it is hard to attribute any welght either to the vaporings of the French Ministers or to the fears which they have excited in the minds of London journalists. It is, however, a sad proof of the incurable foily of man- Kind that thosé ears cannot be pee otherwise than as perfectiy well founded, and that the personal ambition of the rulers of Spain and Prussia may, in the course of afew hours, open a war which can scarcely end without deluging Europe with blood. It is an unfortunate peculiarity of the present phase of what 13 called civilization that der a show of popular government, of plediscifes and parliamen- lary regimes, and of & nominal influence of public opinion, the Old World, at least, is moved and dl- rected by individual men. The words of these men are facts, and should the deflant language of the French Emperor once again be followed by deeds cf blood no one need be surprised. Such language has been used, through the mouths of the Duke of Gram- mont and M. Oilivier, and they are responded to bois- terously both by the Legislaiure and the journals of France. Hence there 1s, unquestionably, much ground for apprehension. Count Bismarck has not et delgned to speak, and Berlm telegrams of yes- rdey state that the Prussian journals treat the sharp expressions of their Freach contemporaries with cooiness. They argue that it does not concern the Pruaslan governipent whether tha Prince of Ho- henzollorn accepts or declines the offer of the crown of Span It is no business of of theirs to tnteriere calculated to place the culty, and the Paris Tenyps sees If so clearly that it do if Prussia disavows Seeepneniay for the in of Hohenzoltern, and pen elects bim ¥"? a a ay a ith no great confidence, that the peop! France quarrel would be. Viewing the matter in this ery desirable that the i t we think It nah nota 0 or a o a writing ‘could $0 reely have been more irritating to than it has been. Instead of jeeringly explaining and excusing the silly antt-Prusatan idea of France, ar and impudent coup to us sul O ad of the Spanish government to present a aida’ eeu their choice, bd choice they with the choice of thes) Cortes, This Hue is uch government in a dif- i9ks with sarcastic significance, “What can France Cd happen it m: , though, will not sanction go terrible a crime as. a war in uch should show tess exctiement, ish press should 9) po retielgcee ed Fr. nee and Prus by more offensive to Spain, and insolently owen eg Spanish government to the occasion would to mg me ney of the Spanish nation to choos: & icing tak 0 can ‘desire to make, idea that the selection for that doubtful and perilous elevation of an obscure German nobie- man could “turn a) the eyes of the world from F ? Or in’ the sit “Toutes touch French in or French honor, u# lit ebeurd, With to Spain herself, we can little understand why she cannot continue to matatain the poiltical condition in which she gpa herself by the expul- ston of the Bourbons. has bad no government more satisfactory, or move effective Ln watntai order, tuan the present for a century. Disracli and Gladstone on Englands Duty. In the English House of be genyeeey tes night, Mr, DisRaBLI sald—I do not wish to embarrass her Majesty's government, but, on the contrary, to en- deavor to assist and support them in a moment of extreme et 'né questions which 4 wish to ae to her Majesty's goveramont are those:-— in their 1d stato ned ther they can inform Parliament what opinion, 18 the cause of the present distur! - Europe? There have been two causes ry affairs, German Prince has throne of Spain. 1 cannot undertake myself to believe that in the nineteenth century, with its ex- tended sympathies and its elevating tendency, any- thing so degrading or 80 barbarous can occur aya war of succession (cheers). | may remark, in pass- ing, that we have had an authoritative statement from the Minister of France very recently, which at once of the pretext that any pretension by a German prince to the crown of Spain is the cause of the present state of affairs. There ts, according to public rumor at least, another cause alleged, and itis with regard to it that I wish to make inquiry of her Majesty's government. It is said that between two allies of ‘her Majesty, between whom these ‘unhappy misconceptions have suddenly arisen, that there have existed for a long time many causes of misunderstanding, much a. and <is- trust, and many other questions with respect to thelr mutual relations which have been leit open and un- settled, and that suddenly there has been a resolu- tion in some quarters to bring about a precipitate settlement of tiem. I would venture to observe that, if there be any trath, ony foundation for this state of things, the causes of this controversy be- tween these allies of her Majesty constitute a purely diplomatic question, It has arisen from no invasion of each other's territory, from no out- rage against the national honor of either throne; bué tt 1s purely a diplomatic question, of which the causes fave existed for some time. Both these powermt governments between whom these misun- dersiandings have arisen witiin the tavt few years Bolicited advice and prayed for the in‘vence of her Majesty’s government to be exercisea on their be- half, They have done more; they Lad entreated her Majesty to euter Into engagements—nay, even peril- ous engagements—with the view of furtheriug their interest, of securing the peace of Europe, and giving them an opportunity, and a happy opportunity, of terminating all questions of disideuce between them, Under these circumstances I must express mn that, Whatever may be tho political my whi Peon ary Pott ance and Prussia at his momen ne no) Prosela Tas ’a Pinched Penk out t upon war without fully and really’ consulting @ country to which, only a few years ago, they applied to exercise its influence and to enter into engagements in order to preserve ace between them. I wish to know whether, in tions that they made—I have nodoubt with great veal and energy, great anxiety and earnesiness— whether this view of the case has been tully put be- fore these two Powers. Ihold it 1s the duty of her Majesty’s government to bring before France ana Prussia the pecullar claims which Great Britain nas pi thelr conildence, trust and reasonable’ de- ference to her counsels. 1 will only ex- | org in conclusion, my individuat opinion hat the ruler of any country who at this time disturbs the peace of Europe incurs the great- est political and moral responsibility that has ever fallen to the lot of man. 1 bear superficial remarks made about military surprises, attacks upon capl- tals, and the brillinucy and celerity with whigh re- sults can be brought about at this moment that are not even expected or covtempiated, These are evi- dences of bygone ages. In the last century such melodramatic catastrophes were frequen and effective, but we live in an age animated by a diter- ent spirit. The fate of a great country like France or a great country like Prussia cannot be ultimately affected by such resulta, and the sovereygn who trusts to them will find at the moment of action that ho has to encounter, wherever he may be placed, a great and more powerlul forco than any military array, aud ;that is the outraged opinion of an en- lightened world. (Cheers,) ir, GLADSTONE saig—It is not for me to follow tho right honorable gentleman through the whole of his remarks, and he, 1 am sure, will agree with me when I say that, at this critical moment, he enjoys a freedom, in common with every member of this House, which does not beiong to the responsible ad- visers of the Crown. At the same time, adverting to the impressive word with which the right honorabie gentleman closed his 8} I must say that it is the opinion of her Majesty’ vernment that there 1s nothing in the difference which would Pia , in the ju ent and conscience of the world, a breakage of the general peace of Europe. ‘With respect to the right honorable gentleman he asks if I can inform Parliament what, in the opin- fon of her Majesty’s government, is the cause of the present disturl state of Europe, I think that those who have official duties entrusted to them, and bound by that responsibility with respect to the relations of foreign Powers, should at present avoid any reference to any causes which have contributed to bring about the present menacing state of affairs. ‘The right honorable gentleman also asked whether her Majesty’s government have made it part of their duty to bring before the great States now engaged in communications which appear to be very approxi- mate to hostilty, the pecuilar claims which Grea- Britain has to urge in regard to their dist putes, and to have @ recognition of her right and title to offer friendly advice with a view to asetticment. Iam bound to ga7 that neither of these States has shown the slightest Indisposition vo allow Great Briiain to exert whatever title of friendly intervention she possesses, or to put upon her the necessity of el to arguments drawn from any Special juncture in former affairs for the purpose of making good that title, I may say that this title of friendly olilces on the part or any one State of tho civilized world has beeu placed on a foundation of public law by a great European act of truce, which docs not admit of that title being brought into dispute. I refer, of course, to the protocol of the conference of Paris, in 1856, whereby it was enforced in the most solemn manner, in face of the assembled Powers of Europe, that it would be the duty of each of those Powers— at least us a general rule—in case, unhappily, of any controversy arising among them, to submit that controversy to some friendly adjudication before haying recourserto tue last. melancholy and horrible extremity of arms. With respect to,the actual state Of aflairs, we have no decisive tutelligence to communicate to the House; but I am sorry to say that the course of communication and transac- tions between the two great Powers concerued has not thus far been on the whole favorable, The point, however, 1s now very near at pand when things must take a decisive turn, whether in favor of peace or war, Any function which we can di! charge, aay oftice we can render, is necessarily limited; but I have hope that when the time comes— and it probably must very soon arrive—whon it will be our duty to explain these affairs in detail, the House will find that her Majesty's government has not fallen short of the obligations incumbent upon ‘the representatives of Englind, and likewise has now gone beyond thein, Ramored Base of the Ficnch Operations The Prussian Needie Gun. {From the London Glove, July 16—3 P. M.) There 1g one rumor that the first onset ot the French will be to Ruenish Bavaria—as the Duchy of Balen 13 now called—from whence they will prob- ably endeavor to open friendly negotiations with Austria. 1, instead of this, the route tirough Metz direct for Berlin is taken by Napoleon’s army, the first check must be before the strongly Jortified town of Mayence, aud, at all events, an army of occupation must be left to watch that city and Coblenz, even if the main body moves on to Frankfort, which ts in the direct line. ‘The route to which we first alluded would be by Strasburg and Stutgard, but provabdiy would not 0 80 fay South as Manich, but, leaving that on the right, Proceed to Katisbon. At this place the junc- Uon with the Austrian army—if Count Beust and its master can be induced to jon—would probably be pane and both forces would proceed to march on erlin. Just at the present juncture the Prassian War De. artment are engaged in making some Wnporiant improvements in the celebrated needie gun. Tuese giterations are couilned w a@ simplification in the breech-loading mechanism In the arn: and certain modifications in the shape of the bullet and amount of the charge. The advantages expected are a greater rapidity of jive, less liability to get out of order, increased accuracy aud @ flatter trajectory. We do not believe that any issue of (he new arms has yet been made, but their preparation may have been one of the inducements Lnat influeaced the French authorities in hurrying on the war. TACTICS OF THR FRENCH ARMY. The Paris correspondent of the London Arny and Navy Gazetle writes:—The Emperor, who had aiready sent on his horses, was quite prepared for acampaign, and we were to have had by tus time a Gallic army under the crumbling walls of Luxem- vourg but for te interference of friends. The first troops to have taken te fieid were men wno had received Instruction in camp under De Failiy, Le- Boul, Bourbaki, Bazaine cod Frossard—say flve carps diarinée, cous: pune of about 130,000 men, witi ‘the 30,000 soldiers of the Imperial Guard as a reserve, ali well iramed and ar With that redoublabia pre sremsiomenenenstieneneteriee seslimetiiaataay Weapon, the Chassenot, wht’ worked miragles om the of Mentans, Tobeginthe war France Would therefore have places suu,v0y Of ber bese troops im the field, baving another large force te upon in case of necessity; five batmhoos of r3 @ pled, ments of infantr, of the line, twenty of cavalry, und @ hundred flea batteries, Tne French have at present, in what inay be cutled an ad’ position, one ment of in- pay at Dunkerge, two at Lille, one Condé, one at Valonctennes, one ut Meziéres, one at Phaisbourg, & regiment of fancers at Schiestudt; at Colmar, ® iment Of cutrassiers and one of infaatry; at Dor a battalion of chasseurs and a battery ol moun! Pree j at Th IBVilto, aregiment of oe ae and one of Int ; it fantry; , three regiments is afan! a oak each with while at Luneville ts a division of cay, of two regiments of culrassters and two ‘of lanccrs. ons, placed in the centre and to the rear of most 0: these garr:gons, is Frossard with three divisions of infantry, cue of cavairy, ten bat- teriea of artillery and @ company of enginecra. ‘There was some talk of @ Corps ol observation at the foot of the Pyrenees; but the Spanish army been hardly considered worth mentioning wien, ‘dis- cussing the chanccs of the campaign which was to have ‘opened yesterday. At be or, agoue well imagine, the greatest const2rmauon Nas reigned— Prussian troops concentraling in a neigh voring val- ley, without any respect for trents et quarance and the little ball, aud tue French on the other side of Keb bildge, perhaps grinning over the thought as ha @ grab at the staces.” The London Sandard says:—Agsume France and Prussia alone do enter into the contest, and neutral groves to be respected, and the lem stands thus—Will #rance or Prassia be fret to attack? Everything, in our opinion, poinis to France as the assailant and Lavader, and then comes the questioa— Wilt ene Insroh steaisD on ae Prussian fortress = he pass ry and marc! upon ‘he Rhine? It it) ‘a0 80 will she ilteer fee course to her enemy’s sironghold of Mayence, or will she strive to pass the river above ué Manheim, or below at B:ngen? Or ayuin, wiii she Circct her course across the Kune near Siraspurg, Over In Beden, asd through the Black hhh pg) Wurtemburg, and, seatiering the forces these two Btates and of Bavaria, work onwards and up- wards to the Muatue? Has France ar- ragged with Italy to withdraw ber from Rome, conditionally on an Isattan aillance? Italy might be confided the task of hoiding Southern Germany at bay, leaving France free for her great strugglo with Prussia, there not a strong tempta- tion to Frauce to invade Southe:n Germany, in the hopes that, were she once established there, Austria would lead her a hand, and tiat togetuer iney mtzht advance with overwhelming force northwards? Austria being once engaged in the quarrel, will not the problem be sti further involved by Russia? Coveung talicia, covetug Turkey, would not this be her opportunity to seize and hold the mouths of the Danube, and to thrast the sick man from his flame devastated city? If Kussia sirike at Constan- tinople, how could England bold jot? Can We stand by idly and see Kussiain Turkey and in Exypt, between ourselves and our Eastern empire ? Nor 1s this the ouly possible cause which may drag us into the quarrel, ‘fhe neuirality of Belgium is most valuabie to France, So long as Belgium and lolland are neutral, so long is the French frontier rotecied from the Moselle to the sea, But could Prussia. @ Belgiuta she can draw her armies near to Paris, and coud we staad by and see the nation whch We madea kingdom, the neutrality of which we guaranteed, in the bands of the spoilers? Was not Antwerp forufled with the distinct tntention of holding the Belgian army wll the Engllsk shouid come to its a'd? Migit we uot thus be forced inte a War with Prussia. WILL BNGLAND JOIN IN THR CONFLICT? The London Broad Arrow suggests the pertinent question, how does the outbreak of war on the Oun- tinent tind us prepared for emergencies? It may be that the straggie will be short, sharp and decisive like aiane cic —_ it may mS }0 be td ogee ig ciropmssances 0! 2 load ua ¥ any aprotasted pantas rericg cont fitaly aa larging theatre of war. As to how far Engiand is prepared to meet the emergency, We shall, of course, take no part in the war unless compelicd; but how soon may We be compelled by a sease of honor and the binding force of treaties to siand on guard? Already we hear that 10,000 men will be sent imme- a ac e e repares case the” necessity should aria Tor ol er troops’ to take the feild. So far, dilatoriness has been shown by the authorities; and, om we have all along strenuously objected to the withdrawal of troops irom the coionies, it may be hoped that good will come out of evil in this direc- tion, @nd that the troops which have been broaght home will compensate for the meu that have ocea discharged from the ranks of the army. We still feel very strongly that England, with her honorabie desire for peace and good will among nations, and the coincidence of this desire with the necessities of an economizing government, is in the position of a ign who has Veen led almost blindly to tie edge of @ precipice by one of those fabuious monsters which first beguiie wita sweet looks and flattering ‘words, and tien devour their victim. One thing is oeriain, whatever be our present preparedness or unpre paredness for the event of war, there must be no tri uing With the security or the honor of tue couatry, SPANISM OPLON. Spanish Opiaicn. Alluding to the interview between Baron Mercier and Minister Sagasta, the semi-minisicrial paper Imparcial gives more detatls:— In different political circles we have heard comments on the conference between the French Ambassaior, Baron Iw of the reciamations oF interpellations of the French Ambassador. Baron Meroler appears to have reso- Jutely approacied the monarchical question, expre 1F- prige that the Spanish government should’ have fixed thelr views on Prussian prince, and that they had not previously conferred with him or bis government. When he saw that Senor Sacasta confirmed the news of the Prussian combina; tion, the French diplomat mauiteated that the Cabinet of the Totleries would not consent to the solu favored. Our Minister of State sustaine pervect right to consutute herself ia the manner she { est anid protested lovally the sinoerity with which t sards the frienashfp ot thelr neighbors, to whom now, ancver, they have given auch repeated proofs ot predilection and sympathy. He then told Baron Mercier it was {mpoasi- ble to ploase a government which had rejected all the combl- nations hitherto atterapted, and demonstrated iteal! only as the detender of Bourhon restoration. ‘The Portuguese candi- davure fell through, because it did not seem good to the Empe- ror Napoleon. ‘That of the Duke of Montpensier was equally opposed. They worked to render {aetfectial the nogotintions with the Dake of Aosta; they undid those which were almost concluded for the Dake of Genoa io accept the crown; they looked with displeasure at all the announcements, more or Jeas authorizod, of Iberian plans; and they demonstrated themselves irritated and timorous before a republican eventuality. “What does France want usto do?" Senor Sagasta asked Baron Mere er. He added, that France, oF jer Napoleon, desired an impossible thing— humiliation for the government of the revolation, an offence for the Spaniards, and a thing which, even if it were easy and ac- ceptable to-day, to-morrow would be turned into a groat calamity for this people, always complacent and generous. Napoleon only desires te restoration of Don Alfonso, which fs avsurd inevery potat of view, and never would Be con- ito. Napoleon also, paid Senor Sagasta, does very wrong in fnterpreting tortuously the Intentions of the Spanish government. France otight not to doubt the sin cere friendship of Spain. France ought not to feel disquict Atany monarchical solution the Cabinet of Madrid might prope to the Cortes, fe Spaniards desire ‘to strenj ore Tolations wita the Frene ut nt of the Emperor thought otherwise, and forgot !a a moment tho repeated proois of loyalty'and sympathy Spain bad given to her nefghbors, Spain woitld not occupy herself about this more than was Just; but while depioring the suscoptibiltty of her friend and aliy, would carry forward the projects sie thought proper, not allowing her desires for peice and coacord to Cause her to forget her dignity, or the right she had to anize and constitute herself with absolute independen uch is the reference which has been made to us of th interview, throug various channel terms, and as w convinced the ace applahd the attitude of our Minister of State. with im, that France ought to have confidence that Spain will not now or ever be wanting to what her ancient rela- tions and the communion of interests between both peoples Fequire, but under the susceptibility and the exigence of the French’ Cabinet, who only think of favoring the son of Donna Isabella, contrary to the sentiments and the dignity of the Spaniards, "Senor Sagasta has interpreted perfectly these sentiments, and will receive the unanimous applause of Spain. ‘Phe /mparcia! now sends him its own, and, whatever may be the political eventualities, will do its ‘utmost that the lations between France and Spain may be strengthened more and more, but will ever be at the side of Ministers wha know how to reject all interference and all pressure of foreign governments in the affairs of Spain, The Novedades, in the interest of the Duke of Montpensier, remark: IL 1s reported that on Sunday there will__be public meetin held to protest agatnat the candidature of Prince Leopold, If hough they will not be illeyal, they will be antl-pairiotic, a there ig an internatioval, question pending, and whet the Cortes, the only power which ought to decide the quea- tion, is to meet in a few days. On the other side, the’ very persons” who sald eT the Duke Montpensier, cause he would draw upon us the odinin of-Napoleon, now blow the war trumpet, and try to excite the popular mind, gainst Napoicon, but against France, and evox Of our heroes of Baile ne mad? Have we no nce OF ? international question raised on ac- andidature of a prince closely related to the royal famfly of Prussia le grave. The Emperor has nither'~ opposed all our candidatares, even the most logical and. ust ural, and our government have paid consideration to his se Upathics. He ias even placed his personal antipathies te fore the true interests of France, or of his own dynasty. Whose fault 1s it that Spain now finds a candidate whom, with or without reason, France considers, dangerous for her interests? If we had to judge: of evente by timp) da Gr “the “tolersate ot’ our, be- ed country were not involved, we should say i served Napoieon IIT. right to have ‘a Prassian prince tm Spain, when be has placed so many obstacles to the Duke of Montpensier, pringe bora In France, and whcrs twenty-five ears’ revidence 1a Spain have naturalized, But the ques- ton Js grave, and we should seek not to revengo the obsta- cies Napoleon has raised to. th What suits Dest the liberal in doing and the honor ‘overnment nor the Spauisn nation have ang inter- Sra ena thoraselvee In hostility to the French, ation. On the contrai ing from the Qiine Latin race; our interests are commou and our mutual frendship necessary for tha peace of Europa It would im no way suit Spain to become a sort of Bois de Boulogne, where the other nations of Europe alc uld settto their diterenced and thet duels. Nor would & swt ms to Inuzch ourselyos into adventures or provoke @isastrous civit war, which, after tue one we have already bad this century, would consitme the littie force yet remaining to us. Thero- ‘We believe, : ism fount of th fore to presont ourseires in a provocatively hostile ultitudeto Fravce,to excito popular passion ‘agaiDat her, to evoke re~ cords of other epochs, may be born of generous pearnentas Dut thy are trreileetive and anti-patriot We counsel ty ‘all the sncriiicea which are compatible with the nattonal dq. nity may be made (n decerance to We of Burope. The pe Cortes should weigh the advantages and line of conduct they propose. thelr patriotiams wo trast that the interna, a DoW raiged sill not only take larger proparlions, but will be Foapived 0 the aide of peace and. harmauy Letween ilendty peoples, We call, theretare, for pruvence and vatrlotiaa,